24
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS (Continued)
(b) Liquidity risk (Continued)
The following table shows the remaining contractual maturities at the end of the reporting period of the Group's non-derivative financial liabilities, which are based on contractual undiscounted cash flows (including interest payments computed using contractual rates at the end of the reporting period) and the earliest date the Group can be required to pay:
2018
Contractual undiscounted cash outflow
More than More than
Within
1 year
1 year but less
2 years
Carrying
but less
More
amount
or on
demand
HK$'000
than
2 years HK$'000
than
5 years HK$'000
than
at 31
5 years HK$'000
Total December
HK$'000
HK$'000
Trade and other payables
126,262
5,385
5,998
1,400
139,045
139,045
2017
Contractual undiscounted cash outflow
More than
More than
Within
1 year
or on
demand
1 year but less
2 years
but less
More
Carrying amount
than 2 years
than 5 years
than
at 31
5 years
(restated)
HK$'000 HK$'000
HK$'000
HK$'000
Total
(restated) HK$'000
December
(restated)
HK$'000
Trade and other payables
147,290
6,842
2,341
1,560
158,033 158,033
(c) Currency risk
The Group has no significant exposure to foreign currency risk given its large asset base and operational cash flow are primarily denominated in Hong Kong dollars.
(d) Equity price risk
The Group is exposed to equity price change arising from other financial assets designated through FVOCI and FVPL held for non-trading purposes (see note 15).
Listed investments held by the Group have been chosen based on their longer term growth potential and are monitored regularly for performance against expectations.
Sensitivity analysis
At 31 December 2018, it is estimated that an increase/decrease of 10% (2017: 10%) in the market prices of equity and debt investments in other financial assets, with all other variables held constant would have increased/decreased the securities revaluation reserve by approximately HK$33,730,000 (2017: HK$17,631,000).
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018
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